In Kenya growing maize requires intensive use of fertilizer. Previously, World Bank researchers have estimated that a

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In Kenya growing maize requires intensive use of fertilizer. Previously, World Bank researchers have estimated that a one percent increase in the price of fertilizer reduces the supply of maize by 0.5 percent ( F = - 0.5). The demand and supply of maize are both inelastic with reliable estimates for the two parameters equal to P = - 0.6 and P = 0.9. 4. Assuming these estimates are correct, by what percentage would you expect the price of maize to increase in Kenya? By what percentage would you expect the quantity of maize to decline.